Seadrill on jack-up shopping spree

Seadrill has ordered another four jack-up newbuilds from Keppel Fels and PPL Shipyard in Singapore, with delivery planned for 2010.

Two units will be built at Keppel Fels and based on the yards Mod V B design. Water depth capability will be 400 feet with a drilling depth of 30,000 feet. Delivery of these two units are scheduled for June 2010 and November 2010 with a total price tag of around $420 million. The two units will be Seadrill’s fifth and sixth order with Keppel Fels. The two units to be built at PPL Shipyard will be based on the Baker Marine Pacific Class 375 deep drilling design. Rated water depth will be 375 feet with a drilling depth of 30,000feet. Delivery of these units are scheduled for March 2010 and November 2010 with a total contract price of around $430 million. These jack-ups will be the second and third jack-up orders that Seadrill has placed with PPL Shipyard. Seadrill also has option agreements for further jack-up orders in 2011.
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